21Shares slashes fees on two flagship crypto ETPs

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Financial Times 16h ago

21Shares slashes fees on two flagship crypto ETPs - Financial Times

Quick Summary:

CoinShares, Europe’s largest digital asset manager, subsequently reduced fees for its physically-backed bitcoin ETP.

The fee cuts are the latest in the European crypto ETP space since the approval of spot bitcoin exchange traded funds in the US in January.

Mandy Chiu, head of financial product development at 21Shares, said it had always been her company’s “mission” to “make investing in cryptocurrency more accessible”, adding that the fee cut reflects the company’s “commitment to delivering value” to investors.